To extend warranty or not

[st8]

T minus 3 days until I need to decide. I know it’s truly a personal decision and I’ve never bothered with one before but really thinking about it for my 22 ST. Problem is I rarely keep cars long. At least that has been the pattern with me. I only drive about 10k miles a year. I know it’s mainly for a peace of mind. It sounds like if I trade in, I can get a prorated refund.

I can’t imagine keep this car for another 5 years and at the rate I drive, it’s going to take 7 years to even get to 100k. I know I need to decide on my own but just curious about fellow ST members who maybe have been in a similar dilemma. I have money for the warranty but also for repairs. So I’m not crunched there.

 

[Cdubya]

2022 is a reliable year. if it’s been good to you, i’d bag the extended warranty.

 

[powerboatr]

I fall along the lines
I bought my esp at huge discount
Even dumb stuff failing costs way more than 100 deductible,
Cheap insurance or peace of mind my wifes driver is covered

 

[2020FordRaptor]

T minus 3 days until I need to decide. I know it’s truly a personal decision and I’ve never bothered with one before but really thinking about it for my 22 ST. Problem is I rarely keep cars long. At least that has been the pattern with me. I only drive about 10k miles a year. I know it’s mainly for a peace of mind. It sounds like if I trade in, I can get a prorated refund.

I can’t imagine keep this car for another 5 years and at the rate I drive, it’s going to take 7 years to even get to 100k. I know I need to decide on my own but just curious about fellow ST members who maybe have been in a similar dilemma. I have money for the warranty but also for repairs. So I’m not crunched there.

If you’ve had no problems thus far, and don’t plan to keep it long, skipping the warranty might be okay. If you want extra safe keeping just a get a really basic powertrain warranty with a deductible, should be cheap insurance, but that’s just a safe keeping measure in the case you get unlucky. Might be worth it, might not be. I honestly always like having at least a little warranty, if never hurts, especially with all the expensive tech on these vehicles.

 

[dalethewhale]

if you insure through geico when its new you can buy extended warranty for $40/year. But you have to get the warranty the first month of insuring.

 

[st8]

2022 is a reliable year. if it’s been good to you, i’d bag the extended warranty.

Which it has. My wife was telling me to skip it as well.

 

[st8]

I fall along the lines
I bought my esp at huge discount
Even dumb stuff failing costs way more than 100 deductible,
Cheap insurance or peace of mind my wifes driver is covered

Yeah I think that’s mainly what it is. Peace of mind.

If you’ve had no problems thus far, and don’t plan to keep it long, skipping the warranty might be okay. If you want extra safe keeping just a get a really basic powertrain warranty with a deductible, should be cheap insurance, but that’s just a safe keeping measure in the case you get unlucky. Might be worth it, might not be. I honestly always like having at least a little warranty, if never hurts, especially with all the expensive tech on these vehicles.

Yeah true. I did debate the lower tiers but just figured if I’m going to do it, just do it all the way. The other thing I’m curious about is all the stipulations. Like home warranties, are they sneaky with their coverage. I’m not sure.

 

[Cruising68]

I got a Top tier Ford plan at a big discount. So many computers and modules that seem to be failure prone. I’m even modded and not expecting drivetrain coverage. My last vehicle was a 2017 GMC 2500HD Denali. First extended warranty I ever purchased. Paid for itself several times over. Power heated mirror along was almost $1000. Powertrain was great but I had quite a few $500-$1000 parts replaced.


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[2020FordRaptor]

Yeah true. I did debate the lower tiers but just figured if I’m going to do it, just do it all the way. The other thing I’m curious about is all the stipulations. Like home warranties, are they sneaky with their coverage. I’m not sure.

What stipulations are you concerned about? Good thing about Ford ESPs is if you’re modded they’re restrained by Magneson Moss Law so they have to prove the part caused the problem before they can void warranty vs aftermarket companies who I would think (I’ve been curious about this myself) could pull a quick one.